Retail

  Dubai / Emirates Business Musafir.com, the UAE’s first premium-experience travel website, announced the inauguration of a new flagship branch at Dubai International Financial Centre (DIFC). The new Musafir.com store was inaugurated by Sheikh Mohammed bin Abdullah Al Thani, Chairman of the Department of Statistics and Community Development and Co-founder of Musafir.com, in the presence of Sachin Gadoya, Managing Director ...

  Bloomberg McDonald’s Corp. Chief Executive Officer Steve Easterbrook has more tricks up his sleeve than serving Egg McMuffins all day. A series of upgrades at the company’s international locations — including technological advances like self-service kiosks — boosted sales in some of the restaurant’s chains biggest markets abroad and helped third-quarter results beat analysts’ expectations. While the introduction of ...

  Bloomberg Nestle SA forecast the slowest full-year sales growth in more than a decade as food companies worldwide struggle against consumer resistance to price increases. Revenue will gain about 3.5 percent on an organic basis in 2016, the Vevey, Switzerland-based maker of Nespresso coffee said in a statement on Thursday, abandoning a goal for an increase of about 4.2 ...

  New York / AFP US apparel group Gap Inc. will close its Banana Republic stores in Britain as it streamlines its brick-and-mortar presence outside North America in response to weak sales. Gap will shut all eight Banana Republic stores in Britain, a Gap spokeswoman said. The majority of closures will take place by the end of January. The apparel ...

  Bloomberg UK retail sales stagnated for a second month in September as soaring prices and warm weather hit demand for clothing. The figures, from the Office for National Statistics Thursday, also showed that sales excluding auto fuel were unchanged from August. Small increases on both measures had been expected by economists. Clothing and footwear sales fell 2.8 percent after ...

  Bloomberg Carrefour SA, France’s largest retailer, reported third-quarter revenue that beat analysts’ estimates on stronger-than-expected growth in its home country. Sales rose 3.2 percent on a like-for-like basis to 21.8 billion euros ($23.9 billion), Boulogne-Billancourt, France-based Carrefour said in a statement on Wednesday. Analysts expected 21.7 billion euros. In France, sales climbed 1.2 percent, beating the estimate for 0.5 ...

  Bloomberg Starbucks Corp. will more than double its number of locations in China by 2021, increasing the company’s bet on a country that Chief Executive Officer Howard Schultz says eventually could be a bigger market than the U.S. The chain will have 5,000 stores in mainland China within five years, up from about 2,300 now, the Seattle-based company said ...

  Bloomberg Samsung Electronics Co. is letting travellers exchange their Note 7 smartphones at special booths set up at America’s busiest airports. The program is part of Samsung’s worldwide effort to recall millions of Galaxy Note 7 phones, which are prone to catching fire and exploding. Customers can exchange the phones or get a full refund, a company representative said ...

  Bloomberg Tesco Plc’s share of its home market grew for the first time in five years, providing further evidence that Chief Executive Officer Dave Lewis has gotten the U.K.’s biggest grocer back on track. Tesco’s sales in the 12 weeks to Oct. 9 rose 1.3 percent, according to researcher Kantar Worldpanel. The Welwyn Garden City, England-based retailer was the ...

  Bloomberg Burberry Group Plc shares fell the most in a year after the British trench coat maker reported declines in its Asian business and worsening results at its wholesale unit, offsetting a Brexit-inspired boost in tourist spending in the UK. The stock declined as much as 10 percent in London, the biggest intraday drop since Oct. 15 of last ...